Early Christmas gift comes in the form of falling gas prices

Early Christmas gift comes in the form of falling gas prices

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The average price for regular in Knoxville is $3.03, but a lot of stations are selling it for less than that. Some are charging $2.99, even $2.97. The average price for regular in Knoxville is $3.03, but a lot of stations are selling it for less than that. Some are charging $2.99, even $2.97.
"When I saw the price, I put my brakes on and came right on in to fill up," said Eileen Rappaport of New Hampshire, who was driving through Knoxville on her way to see family for Christmas. "When I saw the price, I put my brakes on and came right on in to fill up," said Eileen Rappaport of New Hampshire, who was driving through Knoxville on her way to see family for Christmas.

By HAYLEY HARMON
6 News Anchor/Reporter

KNOXVILLE (WATE) - There's one thing that seems to be on just about everyone's wish list this Christmas - lower gas prices.

For people in East Tennessee, they're getting just what they asked for, as prices fell nearly 10 cents in the last two weeks.

This early Christmas gifts comes as a huge savings for holiday travelers.

The average price for regular in Knoxville is $3.03, but a lot of stations are selling it for less than that. Some are charging $2.99, even $2.97.

Drivers are loving the decrease right now, because it means they can dedicate more of their paycheck to buying Christmas gifts.

"It takes quite a bit and I'll be able to actually fill it up today and be able to Christmas shop without having to worry about it now, because, I mean, before I couldn't fill it up," said Amber Hinshaw of Knoxville.

"It's a thrill. This is the best Christmas gift ever to see that prices have come down," said Eileen Rappaport of New Hampshire, who was driving through Knoxville on her way to see family for Christmas. "When I saw the price, I put my brakes on and came right on in to fill up."

Her holiday trek calls for several tanks of gas.

"I'm eager to see that the prices are going to go down, so that I can make this trip in an effective and cost-effective way," said Rappaport.

So why the drop in price? AAA of Tennessee says demand has been dropping for several months.

"Demand has been dropping really the entire year. Right now, we're about half a million barrels a day lower than we were this time last year," said Don Lindsey of AAA of Tennessee.

Lindsey says this downward trend will most likely continue.

"If nothing changes, we should expect to see prices drop through the first of the year," said Lindsey.

That's good news for local families this Christmas.

"Absolutely a savings and not just for myself, but for all families out there who are really watching their budget," said Rappaport.

AAA estimates 93 million Americans will be making a road trip this holiday season. That's more than one in four people.

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